IRVING,
Texas, Jan. 8, 2024 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) announced it has signed an electrification
strategic agreement with CRH (NYSE: CRH) to advance the deployment
of Caterpillar's zero-exhaust emissions solutions. CRH is the
number one aggregates producer in North
America and the first company in that industry to sign such
an agreement with Caterpillar.
The agreement is focused on accelerating the deployment of
Caterpillar's 70 to 100-ton-class battery electric off-highway
trucks and charging solutions at a CRH site in North America. Through the agreement, CRH will
participate in Caterpillar's Early Learner program for battery
electric off-highway trucks, testing and validating the units in
real-world applications. CRH will also provide voice of customer
feedback to address safety, performance, operational and compliance
requirements for the aggregates industry.
"We are pleased to work with CRH, as our first aggregates
industry customer, to expand our electrification solutions beyond
mining. When it comes to sustainability, the quarry and aggregates
industry requires diverse solutions. Our collaboration with CRH is
an exciting opportunity to learn together and gain valuable
insights into how our products can best support CRH's long-term
objectives to decarbonize its operations," said Resource Industries
Group President Denise Johnson.
The collaboration supports CRH's climate-related objective
of reducing greenhouse gas emissions from its operations by
utilizing more sustainable equipment. CRH has set a target to
deliver a 30% reduction in absolute carbon emissions by 2030 (from
a 2021 base year) and an ambition to be a net-zero business by
2050.
Scott Parson, President, CRH
Americas Materials Solutions said, "At CRH, we recognize that
collaboration and innovation are critical to delivering our
industry-leading decarbonization targets and achieving our ambition
of net-zero by 2050. Through this partnership with Caterpillar, we
will advance the use of sustainable equipment in our operations and
build on our shared commitment to a low-carbon future."
About Caterpillar
With 2022 sales and revenues of
$59.4 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, off-highway diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. For nearly 100 years,
we've been helping customers build a better, more sustainable world
and are committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation on
our social media channels at
caterpillar.com/en/news/social-media.html.
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building
materials solutions that build, connect and improve our world.
Employing c.75,800 people at c.3,160 operating locations in 29
countries, CRH has market leadership positions in both North America and Europe. As the essential partner for road and
critical utility infrastructure, commercial building projects and
outdoor living solutions, CRH's unique offering of materials,
products and value-added services helps to deliver a more resilient
and sustainable built environment. The company is ranked among
sector leaders by Environmental, Social and Governance (ESG) rating
agencies. A Fortune 500 company, CRH's shares are listed on the
NYSE and LSE. For more information visit: www.crh.com.
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SOURCE Caterpillar Inc.